Business Archives - Page 3 of 57

June 2, 2025June 2, 2025

Fuel Prices Expected to Drop by Up to 9% in June

Fuel prices in Ghana are projected to decrease by between 5% and 9% in the first pricing window of June, offering much-needed relief to consumers amidst ongoing inflationary pressures. This forecast, issued by the Africa Sustainable Energy Centre (ASEC), largely attributes

June 1, 2025May 31, 2025

Ghana’s Mining Sector Achieves Record Revenue

Ghana's mining sector has generated a record GH₵17.7 billion in revenue for the government in 2024, representing a 51.2% increase from GH₵11.7 billion in 2023. According to the Ghana Chamber of Mines, this significant growth highlights the sector's growing role in

June 1, 2025June 1, 2025

Mahama Unveils Plan to Boost Cocoa Production

President John Dramani Mahama has pledged to expand Ghana's cocoa sector by adding 200,000 hectares of cocoa farms to the country's production capacity. This move aims to revive the once-thriving industry and increase farmers' income. Revamping the Cocoa SectorDuring his national

May 29, 2025May 29, 2025

GSS Report: 18% of Ghanaians Paid Bribes to Access Public Services in 2024

A new report from the Ghana Statistical Service (GSS) has revealed that 18.4% of Ghanaians who interacted with public officials in 2024 paid bribes—mostly in cash—to access essential government services. The data, published in the “Governance Series Wave 1 Report,” underscores

May 29, 2025May 29, 2025

Volta Lake to Power Ghana’s 24-Hour Economy – Mahama

Former President John Dramani Mahama has outlined an ambitious blueprint to transform Volta Lake and its surrounding areas into a cornerstone of Ghana’s upcoming 24-Hour Economy Policy, aiming to turn the vast water body into a thriving hub for agriculture, industry,

May 28, 2025May 28, 2025

IEA Fellow Urges Mahama to Avoid IMF Return

Dr. Vladimir Antwi-Danso, a Senior Fellow at the Institute of Economic Affairs (IEA), has called on President John Mahama to implement bold measures to prevent Ghana from returning to the International Monetary Fund (IMF) after the current program concludes. Excessive Spending

May 27, 2025May 27, 2025

Energy Ministry Traces 2,637 Missing ECG Containers in Major Audit Breakthrough

The Ministry of Energy and Green Transition has made a significant stride in resolving the case of missing containers belonging to the Electricity Company of Ghana (ECG), successfully tracing 2,637 containers after an extensive audit. This latest figure more than doubles

May 27, 2025May 26, 2025

Mahama Unveils 8-Pillar Strategy for Ghana’s Transformation

President John Dramani Mahama has detailed an eight-point strategy that will form the bedrock of his economic reset plan for Ghana. This comprehensive approach is expected to boost investor confidence, deepen fiscal discipline, and drive long-term growth as the government steers

May 23, 2025May 23, 2025

Mobile Money Transactions Hit Record GHC 365 Billion in April 2025 – Bank of Ghana

Ghana’s mobile money sector saw another major boost in April 2025, with transactions totaling GHC 365 billion—the highest monthly value recorded so far this year. This is according to the Bank of Ghana’s latest summary of economic and financial data. The

May 23, 2025May 23, 2025

Ghana to Regulate Shipping Lines Despite Resistance

Professor Ransford Gyampo, Chief Executive Officer of the Ghana Shippers Authority, has accused international shipping lines operating in Ghana of resisting regulatory oversight, despite conducting business within Ghana’s jurisdiction. His comments follow concerns raised by the Chamber of Freight and Trade